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Cryptocurrency News Articles
Bitcoin Is Poised to Break Out of Its Recent Funk, London Crypto Club Predicts
Feb 18, 2025 at 08:06 am
That's the message from London Crypto Club's most recent newsletter, which predicts that Bitcoin is about to break out of its recent funk.
A London Crypto Club newsletter predicts that Bitcoin is about to break out of its recent funk.
The reason behind their bullishness? US reflation is fading and Donald Trump’s tariffs aren’t as bad as some thought, which could trigger a crypto rally to push Bitcoin out of the sideways-trading chop it has found itself in since the President’s inauguration.
“We typically shy away from trying to time markets and focus more on the broad direction,” wrote David Brickell, head of international distribution at FRNT Financial, and former forex trader Chris Mills.
“However, given this shift in the macro, it feels like the next leg higher and breakout for Bitcoin is imminent.”
The prediction comes on the back of several weeks of choppy trading that has seen Bitcoin’s price hover around $100,000.
While the London Crypto Club analysts didn’t provide any price target, analysts at Standard Chartered and Bernstein have predicted that the leading crypto could hit $200,000 before the end of the year.
Tailwinds
Reflation is fading, the analysts said.
Reflation refers to policies designed to encourage spending and combat deflation, the opposite of inflation. For instance, the US dollar has weakened against the Chinese yuan.
As it starts to weaken even more, it “will form a powerful tailwind for both crypto and broader risk,” the analysts argued.
They also argued that the delay in implementing Trump’s tariffs is a bullish sign, which will halt some market watchers’ worst-case scenarios.
“Ultimately, they want to address trade imbalances through a weaker dollar, rather than tariffs and that is likely the quid pro quo of negotiations,” the London Crypto Club wrote.
These policies will likely “form a powerful tailwind for risk, propelling the Nasdaq to ever more record highs as well as mark the start of the next leg higher for Bitcoin,” they wrote.
Andrew Flanagan is a Markets Correspondent for DL News. Eric Johansson is News Editor for DL News. Got a tip? Email at aflanagan@dlnews.com.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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